Question: 1 9 . What is the difference in the monthly payments between the following 2 0 year fixed rate loan options for a home purchased

19. What is the difference in the monthly payments between the following 20 year fixed rate loan options for a home purchased for $465,000. The first is a fully-amortizing loan with a 10% downpayment at an interest rate of 6.10%. The second is a partially amortizing loan with a 5% downpayment and a 30% balloon payment at the end of the loan. The interest rate for this loan is 6.50%.10. What is the difference in the total repayments between the two loans described in Question 19? Calculate the difference as Option A minus Option B.a)-$59,743.16b) $150,850.24c) $175,468.66d) $119,952.43

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